But (@But_the_Stock_Picked

3Semana·

$SPGI (+1,12 %) I have had S&P Global on my watchlist for some time. Does anyone know why the share is so "down" at the moment?

I can't find any news that could explain it.

6 Comentarios

Saschko@WarrenamBuffet

3Semana

If a bear market or a crash breaks out here again, I have the feeling that some will first get to know what down means :D

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Memo0606@Memo0606

3Semana

what down 😅😂😂😂

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But T.@But_the_Stock_Picked_Me

3Semana

@WarrenamBuffet Yes, that's why I'm talking about a down and not a crash. Selling volume was quite high despite good results and the RSI was way down. There may be reasons for this that I have missed.

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PetrosiliusZwackelmann@PetrosiliusZwackelmann

3Semana

I've been asking myself exactly the same question since last week and can't find an answer.

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Mostrar respuesta

But T.@But_the_Stock_Picked_Me

3Semana

Ich habe weitergesucht. Hier ist eine Zusammenfassung einer Analyse von Seeking Alpha: https://seekingalpha.com/article/4729353-s-and-p-global-why-the-market-isnt-responding-to-the-q3-2024-beat

"S&P Global reported strong Q3 results with revenue and earnings growth, yet its stock declined due to concerns about potential demand pull-forward from 2025 and a slowdown in its Market Intelligence segment. Despite short-term challenges, the company's long-term growth prospects and valuation make it an appealing investment, with a 2025 price target of $577 and expected continued growth in revenue and EPS." [...] "S&P Global (SPGI) reported strong Q3 2024 results, surpassing expectations with 16% revenue growth and a 21% increase in adjusted EPS. Despite these strong metrics, SPGI’s stock price declined, reflecting market concerns over potential demand pull-forward from 2025 and sector-specific headwinds. Key growth drivers in the quarter included the Ratings and Indices segments, with Ratings benefiting from favorable credit issuance conditions and Indices boosted by robust capital markets. However, the Market Intelligence segment underperformed, affected by extended sales cycles and budget cuts among financial sector clients.

S&P Global’s revised guidance now targets a 12% revenue increase, adjusted EPS of $15.2, and free cash flow of $5.2 billion for 2024, but investors remain wary of potential deceleration in Ratings growth for 2025. Despite these concerns, the article’s author maintains a positive long-term outlook, suggesting that SPGI’s valuation, now at a lower earnings multiple, presents a buying opportunity. The author sets a price target of $577 by late 2025, given SPGI’s potential for long-term revenue and EPS growth around 8% and 12%, respectively."

This analysis reinforces the view that while S&P Global’s growth may face short-term headwinds, its fundamental strengths make it a compelling long-term investment.

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